Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Re: Final payment
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Jul 17, 2020 08:45PM

Here's your evidence which was already clear from the the debenture notice that they did not receive the full 5 million.  Revised annual financial statements were just filed on Sedar

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n June 29, 2020 and July 3, 2020, the Company received payments in the cumulative amount of $2,500,000 from

the Buyer of DenseLight for a total received of $23,500,000. Taking into consideration the length of time it had taken

the Buyer to make the foregoing payments and the Company’s expectations regarding the likelihood of receiving an

additional payment, the Company determined, and the Buyer accepted, that it was in the Company’s best interest to

accept the partial payments as final payment on the Company’s receivable and to restructure its relationship with

DenseLight to better accommodate the Company’s current supply need

 


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